Can You Lease A Used Car?

If you’re looking to pay less each month for your next vehicle in North Wales, leasing or buying used are both great ways to save. But did you know you can save even more by leasing a used car? Used car leasing is less common than new car leasing, and only certain models are eligible — but most Mazda dealerships offer it as an option. Find out if used car leasing is right for you in the guide below from the North Penn Mazda service center!

Which Used Cars Can Be Leased?

Can you lease a used car from any model year? Used car leasing is usually restricted to Mazda certified pre-owned vehicles. CPO is a special category of used cars that have passed a multi-point inspection and meet strict requirements for age and mileage. Keep in mind that some dealerships may require even stricter standards for used car leasing.

Can you lease a used car made by Mazda? Yes! The majority of automakers do allow used car leasing. According to the National Automobile Dealers Association (NADA), you can lease used models from the following brands: Acura, Audi, BMW, Chrysler, Dodge, Ferrari, FIAT, Honda, Hyundai, INFINITI, Jeep, Kia, Lexus, Lincoln, Mazda, Mercedes-Benz, MINI, Mitsubishi, Nissan, Porsche, RAM, Toyota, Volkswagen, and Volvo.

How Does Used Car Leasing Work?

If you’re starting to think that used car leasing could work for you, let’s get into the details! So, can you lease a used car just as easily as a new car? Yes — the used car leasing process is just about the same as you’ve experienced with new vehicles:

• Monthly Payment Amount – Based on the price and projected lease-end value of your vehicle, your monthly auto payment amount is calculated by the dealership.
• Lease-End Procedure – As with new vehicles, you’ll return the vehicle to the dealership where you signed the lease.
• Lease Buyout Options – If you’d like to own your vehicle, you have the option to buy out your lease at the end of the term.

Benefits of Used Car Leasing

• Luxury Features – Used car leasing opens up more room in your budget for premium amenities and advanced technology features.
• Less Depreciation – New cars depreciate dramatically most in the first two to three years. Since most used cars are already beyond that point, they depreciate much more gradually.

• Lower Monthly Payments – Thanks to the slower depreciation of used cars, Lansdale drivers will pay less each month.
• Lease Buyout Options –If you want to buy your leased vehicle at the end of the term, a lease buyout is more affordable with a used model.
• Lower Rates – Your premium is based partly on the present value of your vehicle, so you’ll pay less to insure a used car if it’s in like-new condition.

Pay Less With Used Car Leasing Options in Colmar 

Feel free to direct any further questions about used car leasing to our friendly auto finance team! We’re also happy to help you navigate financing a used car, deciding whether to buy or lease, and more. Contact us today to start moving forward with your next Mazda in Chalfont!